Mars Puts VCA on a Leash, and We've Raised our Fair Value Estimate
On the news that Mars plans to purchase VCA, we’re raising our fair value estimate for VCA to $93 per share to match the purchase price. We think this offer is very favorable to VCA shareholders, as the sale price represents a 55% premium to our intrinsic fair value estimate of $60. While we had not viewed VCA as an imminent takeout target, we can see why Mars would find VCA appealing for its sizable pet-care portfolio. While most of Mars Pet is focused on food, including the Iams, Pedigree, and...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.